511 East Nevada Avenue

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511 East Nevada Avenue

El Paso, TX 79902
Asking Price
$400K
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Downtown 5 unit with remodeled units. <p><span style="color: rgba(0, 0, 0, 1)">5-unit investment property ideally located near downtown and in close proximity to UTEP. Three of the five units have been recently remodeled, featuring new mini-split systems, updated flooring, and fresh interior and exterior paint. The property also offers additional storage space, adding value for both tenants and owners. With significant improvements already completed and upside potential remaining, this is a great opportunity for investors looking to

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NOI
$80,000
Cap Rate
20.00%
DSCR
3.37
Strong
Cash-on-Cash
46.88%
Monthly Payment
$1,978.977
Annual Cash Flow
$56,252.278

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